Monday, 18 January 2016

Nifty falls below 7,400 level

The India VIX (Volatility) index rose nearly 3% to 20.11. Out of 1,786 stocks traded on the NSE, 1,354 declined and 122 advanced today. A total of six stocks registered a fresh 52-week high in trades today, while 167 stocks touched a new 52-week low on the NSE.


Nifty Downside
At 10:01 AM, the S&P BSE Sensex is trading at 24,323 down 123 points, while NSE Nifty is trading at 7,396 down 41 points.

The BSE Mid-cap Index is trading down 2.19% at 10,117, whereas BSE Small-cap Index is trading down 3.33% at 10,424.

Some buying activity is seen in IT and energy and metal sectors, while capital goods, auto, consumer durables, pharma and oil and gas sectors are showing weakness on BSE.

ITC, Infosys, Coal India, TCS, Sun Pharma, NTPC, HDFC and ICICI Bank are among the gainers, whereas Adani Ports, Bajaj-Auto, BHEL, Maruti Suzuki, ONGC, L&T and Cipla are losing sheen on BSE.

Indian Rupee opened lower at 66.70/$,down by 10 paise in early trade on Monday as against the previous close of 66.60/$. Indian rupee extended the weakness against the greenback, declining 30 paise and in the process hitting 28 months low. Strong demand for US dollar and sharp fall in global equities is taking a toll on Indian rupee. There are also concerns over persistent foreign capital outflows from the domestic equities. Of late, Indian macroeconomic indicators have also disappointed the investors. The numbers convey that industrial activity has slowed down and retail inflation is moving higher.

The India VIX (Volatility) index rose nearly 3% to 20.11. Out of 1,786 stocks traded on the NSE, 1,354 declined and 122 advanced today. A total of six stocks registered a fresh 52-week high in trades today, while 167 stocks touched a new 52-week low on the NSE.

Shares of Wockhardt Ltd are currently trading 7.5% lower at Rs. 1,191.90 on BSE after the US FDA made 9 observations for its manufacturing facility located at Shendra, Aurangabad last week.

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